Assume that a firm's degree of financial leverage (DFL) is 1.2. If sales this year increase by 20 percent, the firm expects a 60 percent increase in earnings per share (EPS). What is the firm's degree of operating leverage of the firm?
A. 2.5×
B. 3.0×
C. 1.8×
D. 0.4×
E. 3.6×
Answer: A
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Mid-American Oil had a contract with NSB Company to supply 1,000 gallons of oil by September 1 . The contract contained a provision which required all modifications to be written and signed by the company presidents. In early August, an executive of Mid-American talked with the purchasing agent of NSB who orally agreed to two shipments of oil; one in September and the second one in December. By
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The horse isn't crazy about it, but occasionally will relent and pull a cart laden with supplies from the barn to the other points of mutual interest, the grassy area, the pond, and the hay down in the run in shed
What is the shortest distance from the barn to each of these points?
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Indicate whether the statement is true or false